5 Easy Tips for Small Business Owners Who don't like numbers

Running a small business is exciting, but keeping track of your money doesn’t have to be hard. If you're not sure where to start with handling your finances, don't worry! These 5 simple tips will help you stay on top of things without getting overwhelmed.

1. Keep Business and Personal Money Separate

One of the easiest ways to stay organized is to have a separate bank account for your business. If you mix your personal and business spending into one account, it gets confusing. It’s much easier to track your business’s income and expenses if they’re all in one place. Plus, when tax time comes around, it’ll be much simpler to sort things out.

2. Use Simple Software to Help You

Using an app or software can make tracking your business money much easier. If you can afford it, QuickBooks Online is a great option. It links to your bank account, automatically pulls in your transactions, and categorizes your spending. But if you're looking for a free alternative, I recommend Wave Accounting. It offers some of the same features as QuickBooks, including automatic bank syncing and transaction categorization, and it’s completely free!

3. Take Pictures of Your Receipts

Instead of keeping a pile of paper receipts, take pictures of them and store them digitally. The QuickBooks app lets you snap photos of your receipts and keep them safe on your phone. This is important, especially if you need proof of your business spending later—like if the tax office ever asks to see them. Plus, it’s a lot easier to keep everything organized this way!

4. Organize Your Spending Each Month

Every month, set aside a little time to organize your spending. Go through your transactions and make sure everything is in the right category, like “supplies” or “sales.” Doing this every month will make sure things stay on track and make it much easier to look at your financials when needed. You don’t have to do it all at once—just keep it simple, and the software can help you too.

5. Make Sure Your Bank Account Matches Your Records

Each month, take a moment to check that your records match your bank statements. This means going over your business transactions and comparing them to what your bank shows. It’s a good way to catch mistakes, like if you missed a payment or there’s an extra charge you didn’t expect. Doing this regularly keeps everything accurate and helps avoid surprises.

By following these 5 simple tips, you can take control of your business finances and feel more confident about managing your money. Staying organized doesn’t have to be complicated—just take small steps, and before you know it, your finances will be in good shape!